Hey tradomaniacs,
with the current risk-on-mood in the stockmarket we could see a continuation of the current breakout.
Looking at the structure we can see a breakout of the previous Trendchannel -> Price is currently retesting this area and might pump soon if risk-on continues.
Technically a good chance to catch the move.
In terms of correlations we see that DXY does what I have expected.
Check this post:
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
with the current risk-on-mood in the stockmarket we could see a continuation of the current breakout.
Looking at the structure we can see a breakout of the previous Trendchannel -> Price is currently retesting this area and might pump soon if risk-on continues.
Technically a good chance to catch the move.
In terms of correlations we see that DXY does what I have expected.
Check this post:
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.